I have a degree in the arts (pointless I know), and some art is extremely overpriced. I would say small artists and local artists can be fairly priced to compensate for time and vision. Obviously as computers get better at extrapolating art, the amount of artists that can offer something novel and interesting is squeezed. Many artists hate this and seem to lump computer generated art into a "bad" category, but I am old enough to remember when any digital art on a tablet was also ridiculed as "not real art".

Fun debate to have, what is art worth? At some point it is just a flex and an agreed store of value. Generative AI is already better than most artists, so you need to be very talented to create something actually novel.

Ok that was longer than I meant to type, I've had a couple drinks.